Fri, Oct 21, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aggregate wealth of high net worth individuals declined overall in 2011 due to market volatility, report says

Monday, June 25, 2012

Benedicte Gravrand, Opalesque Geneva: The overall financial wealth of High Net Worth Individuals (HNWI) decreased slightly all around in 2011 (except for the Middle East). This general decline of 1.7% (to US$42tln) is the first since 2008, a year when HNWIs lost 19.5% of their wealth. Another shift that took place in 2011 was in the distribution of wealthy people, as indeed, Asia-Pacific became the largest HNWI region for the first time.

These are some of the findings of the 2012 World Wealth Report (WWR), just published by Capgemini, a global consultant, and RBC Wealth Management, one of the world’s top 10 largest wealth managers. The report offers insight into those with $1m or more to invest.

In 2011, the Asia-Pacific and North American regions levelled in terms of numbers of HNWIs and in terms of wealth. The number of HNWIs in Asia-Pacific expanded 1.6% to 3.37 million, making it the largest HNWI region for the first time, surpassing North America’s HNWI population of 3.35 million.

However, North America remains the largest region for HNWI wealth at $11.4tln compared to $10.7tln in Asia-Pacific.

George Lewis, Group Head at RBC Wealth Management said: "It is significant that for the first time this year there are now more high net worth individuals in Asia-Pacific than in any other region......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p